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   >Thank Joe Biden Democrats  wrote in   
   >news:5af043f071b0068d25570d415a641a89@dizum.com:   
   >   
   >> The United States is on a pace to add trillions of dollars to its   
   >> national debt over the next decade, borrowing money more quickly than   
   >> previously expected, at a time when big legislative fights loom over   
   >> taxes and spending.   
      
   If elected and not sent to prison to die, Trump says he'll pay off the debt   
   just like he did last time, with big tax cuts and more of his usual out of   
   control spending.   
      
      
    Trump added $8.4 trillion to the national debt: Analysis   
   by Tobias Burns - 01/24/24 1:26 PM ET   
      
      
   Tax cuts and pandemic relief measures enacted during the Trump   
   administration added $8.4 trillion to the national debt over the 10-year   
   budget window, according to a study released Wednesday by a top budget   
   watchdog group.   
      
   Discretionary spending increases from 2018 and 2019 added $2.1 trillion,   
   Trump’s signature Tax Cuts and Jobs Act added $1.9 trillion and the 2020   
   bipartisan CARES Act for pandemic relief added another $1.9 trillion, the   
   Committee for a Responsible Federal Budget (CRFB), a Washington think tank,   
   found in a study released earlier this month.   
      
   “Of the $8.4 trillion President Trump added to the debt, $3.6 trillion came   
   from COVID relief laws and executive orders, $2.5 trillion from tax cut   
   laws, and $2.3 trillion from spending increases, with the remaining   
   executive orders having costs and savings that largely offset each other,”   
   budget experts with the CRFB wrote in a summary of the report.   
      
   The only significant deficit reduction enacted by the Trump administration   
   noted in the report was due to tariffs levied on a variety of imported   
   goods, which are calculated to have brought  in $445 billion over 10 years.   
      
   Questions about the budgetary effects of Trump’s fiscal policies have been   
   a point of debate during the ongoing Republican primary. Both former U.N.   
   Ambassador Nikki Haley and Florida Gov. Ron DeSantis, who dropped out of   
   the race Sunday, have criticized the former president’s willingness to add   
   to the deficit.   
      
   While Haley remains in the race, Trump outperformed her in Tuesday’s New   
   Hampshire primary by more than 10 percentage points and appears on track to   
   clinch his third GOP presidential nomination.   
    ’   
      
   The Biden administration has also passed several pieces of deficit-   
   expanding legislation, including an infrastructure bill that added $256   
   billion to the deficit and a bill to increase domestic semiconductor   
   production that added $79 billion.   
      
   The administration’s signature environmental and health care package, known   
   as the Inflation Reduction Act, reduced the deficit by between $200 billion   
   and $300 billion.   
      
   The U.S. deficit ballooned after the pandemic to more than 130 percent of   
   gross domestic product (GDP) but has since subsided to around 120 percent.   
   That new plateau is still significantly higher than pre-pandemic levels,   
   which hovered around 100 percent of GDP between 2012 and 2020.   
      
   The U.S. debt, which stands at about $34 trillion, has been a major focus   
   for Republicans, who have pushed for steep spending cuts after taking   
   control of the House in January 2023.   
      
   Partisan standoffs over the U.S. debt and spending cuts nearly forced a   
   default on outstanding U.S. debt last summer before an agreement was   
   reached to raise the debt ceiling. Threats to shut down the government over   
   the deficit have also proliferated in the split Congress.   
      
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